Exam 12: Agreement

In effect, a counteroffer converts the original offeror into an offeree with the power of acceptance.

A offer can be revoked by the performance of an act that is inconsistent with the existence of an offer and that is made known to the offeree.

Megan gives out a business card with an e-mail address on it. It is reasonable to infer that Megan has consented to

In general, a price list may be construed as an offer.

Ordinarily, one can agree to a bargain without knowing that it exists.

An exchange of e-mails cannot create a complete and unambiguous binding agreement.

Acceptance is timely if it is effective before the offer is terminated.

The offeror's intention to become bound by the offer must be subjectively clear.

A request to negotiate is an offer.

The power of acceptance continues forever.

Charter Company offers to provide an air-conditioned bus to Denny's tour group for $1,500 plus the cost of the fuel. The mailbox rule applies if Denny accepts the offer by

An invitation to submit bids is an offer.

The primary purpose of the Uniform Electronic Transactions Act is to create new rules for electronic contracts.

Acceptance of an e-contract must show that the offeree voluntarily assented to the offer's terms.

A preliminary agreement can constitute a binding contract if the parties have agreed on all essential terms.

Rafi offers to sell his sailboat, Sea Siren , to Tara for $50,000. Referring to the prices for similar vessels, Tara says, "I'll pay no more than $40,000." Rafi's offer is

Maeve posts her motorcycle for sale on an online auction site. This is

Shrink-wrap terms are enforceable even if a buyer does not discover them until after the parties have entered into a contract.

Domestic Gas Company offers to sell Energy Ltd. a certain quantity of liquefied natural gas. If Energy sends an acceptance via Domestic's authorized mode of communication, it will be effective when it is

An offer made in undue excitement is an effective offer.